What the numbers say: In 2018, the global housing market will crash.
In 2018-19, it will crash hard.
In 2019-20, it is expected to crash more.
The chart below shows the expected and actual crash of global housing prices for the year 2018-20.
According to the most recent data, global housing costs have fallen from $1.9 trillion in the year 2015 to $1,878 billion in 2019-2020.
The US market was the hardest hit, but China, the world’s second-largest economy, saw its housing prices fall the most, from $3.6 trillion in 2019 to $2.2 trillion in 2020.
But the US market will rebound, the data suggests, and the market will have another rebound in 2021.
What it means: As the global economy recovers, so will global housing price increases.
In 2021, global median prices will be higher than in 2020, and they will be much higher than their level in 2019.
This means that in 2021, prices in developed countries will be more expensive than prices in developing countries.
This will create more demand for housing in those countries.
In other words, it’s a boom.